Ever consider what would happen in the event that you could no longer take care of you most basic daily activities? What if you needed help eating, dressing or bathing yourself?
What is Long Term Care Insurance?
Long Term Care Insurance is designed to protect your savings in the event that you need long-term care – and not just ina nursing home environment. The policies we offer from the leading long-term care insurers can cover this care in your own home. It can even pay your family members who meet certain qualifications.
Most estimates are that approximately 50% of all Americans who reach age 65 will need some type of long term care. Depending upon the type, location and level of care you need, costs for this care are currently running $35,000 – $60,000 per year. How much will it cost when you need it and how will you (or your family) pay for it? Will the money you’ve saved for retirement be lost in having to pay for this expense?
Doesn’t Medicare & Medicaid help with this?
While Medicare & Medicaid supplements are designed to help with hospitalization, doctor, surgical, rehabilitation, outpatient & treatment expenses, they only cover long-term care at the acute care level requiring nurses – not at the custodial level.
Medicaid will only help if you qualify (depending upon your state, this can mean owning less than 42000 in assets, not including your home and personal belongings). Also, you may not have much say as to where you receive your care and by whom.
How can I find out more?
Please Click Here to contact us to learn more about how Long Term Care Insurance can help you plan for your future.